What percentage of people rent in Laurel Lake, NJ?
27.2% (±10.8 points) of the occupied homes in Laurel Lake, NJ are rented (2020–2024 American Community Survey).
That is 311 renting households against 831 that own their home.
In Laurel Lake, the share of households that rent went from 41.1% in 2015–2019 to 27.2% in 2020–2024 (−13.9 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 27.2% (±10.8 points)
- Renting households
- 311 (±124)
- Median renter income
- $52,383 (±$21,393)
Who rents and who owns in Laurel Lake
| Laurel Lake | Cumberland County | New Jersey | United States | |
|---|---|---|---|---|
| Renter-occupied share | 27.2% (±10.8 points) | 33.5% (±1.8 points) | 36.2% (±0.2 points) | 34.8% |
| Renting households | 311 (±124) | 17,999 (±967) | 1,268,573 (±8,082) | 45,017,354 |
| Owning households | 831 (±222) | 35,782 (±999) | 2,239,128 (±10,678) | 84,210,142 |
| Average renter household size | 2.9 (±0.4) | 2.5 (±0.1) | 2.4 (±0.0) | 2.3 |
| Average owner household size | 2.1 (±0.3) | 2.8 (±0.1) | 2.8 (±0.0) | 2.6 |
| Median renter household income | $52,383 (±$21,393) | $39,965 (±$5,780) | $62,674 (±$718) | $52,966 |
| Median owner household income | $56,132 (±$7,668) | $86,723 (±$3,528) | $133,477 (±$624) | $100,009 |
In Laurel Lake, the renter share is not measurably different from Cumberland County (33.5%).
It is not measurably different from New Jersey (36.2%).
It is not measurably different from the national figure (34.8%).
In Cumberland County, Laurel Lake ranks 6 of 9 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 71 of 252.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Laurel Lake has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 41.1% (±11.3 points) | 27.2% (±10.8 points) | −13.9 percentage points | Not a measurable change |
| Median gross rent | $1,211 (±$142) | $1,200 (±$104) | −0.9% | Down after inflation |
| Median household income | $43,615 (±$10,821) | $55,574 (±$8,342) | +27.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Laurel Lake
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Laurel Lake | — | 27.2% (±10.8 points) | — |
| Port Norris | 4.5 mi | 45.7% (±21.0 points) | Not measurably different |
| Millville | 4.6 mi | 35.9% (±4.3 points) | Not measurably different |
| Maurice River Township | 5.8 mi | 20.5% (±9.7 points) | Not measurably different |
| Centre Grove | 6.1 mi | 3.9% (±4.7 points) | Lower |
| Downe Township | 6.7 mi | 15.7% (±6.1 points) | Not measurably different |
| Lawrence Township (Cumberland County) | 8.2 mi | 10.2% (±4.6 points) | Lower |
| Vineland | 9.7 mi | 30.1% (±2.8 points) | Not measurably different |
| Gouldtown | 11 mi | 28.2% (±9.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Centre Grove, NJ (3.9%), Lawrence Township (Cumberland County), NJ (10.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Cumberland County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Seabrook Farms | 57.2% (±16.2 points) |
| 2 | Port Norris | 45.7% (±21.0 points) |
| 3 | West Park | 34.6% (±16.2 points) |
| 4 | Sunset Lake | 31.1% (±35.5 points) |
| 5 | Gouldtown | 28.2% (±9.3 points) |
| 6 | Laurel Lake | 27.2% (±10.8 points) |
| 7 | Rosenhayn | 16.9% (±10.8 points) |
| 8 | Silver Lake (Cumberland County) | 10.2% (±10.9 points) |
| 9 | Centre Grove | 3.9% (±4.7 points) |
Laurel Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Commercial Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Laurel Lake
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Questions about Laurel Lake
How many renters are there in Laurel Lake?
Laurel Lake has an estimated 311 (±124) renting households, 27.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Laurel Lake?
In Laurel Lake, the share of households that rent went from 41.1% in 2015–2019 to 27.2% in 2020–2024 (−13.9 percentage points), not a measurable change.
How big are renting households in Laurel Lake?
A renting household in Laurel Lake has 2.9 people on average, against 2.1 in an owned home.
How much do renters earn in Laurel Lake?
The median renting household in Laurel Lake, NJ has an income of $52,383 (±$21,393) a year, against $56,132 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Laurel Lake CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Laurel Lake CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Laurel Lake CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Laurel Lake CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Laurel Lake CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Laurel Lake CDP, New Jersey (place:39120, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Bedrooms in Laurel Lake
- Age of homes in Laurel Lake
- Heating fuel in Laurel Lake
- Commute and cars in Laurel Lake
- Population growth in Laurel Lake
- New Jersey landlord and tenant rules
- Housing across Cumberland County
- New Jersey places ranked by share of renters
- Housing data for every place in New Jersey